State Senator Liz Krueger, Chair of the Senate’s Select Committee on Budget and Tax Reform, announced that the Senate will hold a hearing on Thursday, May 21st to explore inequities and potential changes to the State’s Corporate Franchise Tax (Article 9-A of the Tax Law) and Bank Tax (Article 32 of the Tax Law). Those scheduled to testify will discuss how the State can better use tax incentives to spur economic development statewide by attracting companies and encouraging new growth.More than 160,000 jobs have been lost in New York this past year alone as a result of the recession, and flawed tax policies that amount to giveaways for corporations—and make New York a harder place for smaller companies to do business—will only slow the State's recovery and further distort our economic potential.WHERE: Senate Hearing Room, 250 Broadway, 19th floor, New York, NYWHEN: Thursday, May 21, 2009 @ 12:30 P.M.